THE OPPORTUNITYFocusing on Commercial Real Estate (CRE) lending the Underwriter will perform analysis, due diligence and underwriting of proposed new loan requests for new and existing clients within the Community and Commercial Bank. Review initial borrower submissions, perform analysis of information submitted and prepare a written credit presentation of construction, real estate and commercial loan requests. The primary purpose of this position is to independently evaluate the credit worthiness of loan requests covering both existing customers and new credit relationships. Responsible for the timely, effective and efficient completion of required underwriting tasks to make recommendations and creating the appropriate Credit Approval Recommendation (CAR) report for eventual forwarding to and obtaining approval from Credit Administration. The underwriter interacts and effectively communicates with Bank personnel and with existing or prospective clients. Performs all duties in accordance with the Company's policies and procedures, all U.S. state and federal laws and regulations, wherein the Company operates.
HOW YOU'LL MAKE A DIFFERENCE- Independently evaluates and structures complex credit requests within CRE types of lending including construction loans.
- Loan types could include various types of real estate secured facilities including bridge, construction, and permanent financing.
- Performs independent credit analysis and risk assessment including, but not limited to, preparing analysis of financial statements.
- Well versed in modeling income statements, balance sheets and cash flow calculations over multiple years, as well as analyzing tax returns, financial statements, and be able to perform a downside and break-even projection analysis with limited input.
- Develop thorough understanding of the nature and history of the applicant's business, the market in which the business operates, and assess the capability of its management.
- Understands complex corporate structures and is able to recommend the best borrowing structures to protect the bank. In conjunction with the Relationship Manager (RM), involved in drafting and negotiating complex loan documents prepared by outside law firm or in-house counsel.
- Prepare and complete the CAR report for submission and approval by Credit Administration.
- Oversees the Letter of Interest (LOI) and insure consistency between the LOI, loan documents and the CAR.
- Review documents related to loan request, including but not limited to, UCC filings, appraisal report, title policy, lease agreements, credit reports, etc.
- Recommend reporting and performance covenants specific to the type of financing being provided and articulate rationale within the CAR.
- Assist Loan Administrator in a timely boarding and/or funding of loan requests.
- Responsible for correct identification providing adequate support of new loans' Risk Ratings.
- Keeps apprised of industry related, political and regulatory issues to determine their impact on specific industries or clients.
- Engages with internal and external credit review teams and regulators as needed responding to inquiries on underwritten new loans.
- Provides guidance and mentoring to junior Underwriters regarding more complex transactions that they assist with. Reviews the work completed by junior Underwriters and communicates the review findings to the individuals
- Follow all established policies and procedures.
- Perform other duties and projects as assigned.
WHAT YOU'LL BRING- Minimum of 6-8 years of underwriting experience in real estate, construction and commercial financing including valuation and asset management and financial analysis
- Bachelor's Degree and/or relevant work experience or trainingProficient with nCino
- Demonstrates knowledge of, adherence to, monitoring and responsibility for compliance with state and federal regulations and laws as they pertain to this position including but not limited to the following: Regulation Z (Truth in Lending Act), Regulation B (Equal Credit Opportunity Act), Fair Housing Act (FHA), Home Mortgage Disclosure Act (HMDA), Real Estate Settlement Procedures Act (RESPA), Fair Credit Reporting Act (FCRA), Bank Secrecy Act (BSA) in conjunction with the USA PATRIOT Act, Anti-Money Laundering (AML) and Customer Information Program (CIP), Right to Financial Privacy Act (RFPA, state and federal) and Community Reinvestment Act (CRA)
- PC proficient with emphasis in Word, Excel
- Excellent composing and writing skills
- Ability to communicate verbally with a wide range of people
- Responsiveness, judgment, maturity, integrity, and time management skills
- Must be a self-starter and able to multi-task, work efficiently on own and team environment, and be readily adaptable to change
- Ability to work under pressure and meet completion time tables
- Strong financial analytical skills with the ability
- High School diploma or equivalent required
HOW WE'LL SUPPORT YOU- Financial Security: You will be eligible to participate in the company's 401k plan which includes a company match and immediate vesting.
- Health & Well-Being: We offer comprehensive insurance options including medical, dental, vision, AD&D, supplemental life, long-term disability, pre-tax Health Savings Account with employer contributions, and pre-tax Flexible Spending Account (FSA).
- Building & Supporting Your Family: Banc of California partners with providers that offer adoption, surrogacy, and fertility assistance as well as paid parental leave and family support solutions including care options for your family.
- Paid Time Away: Eligible team members receive paid vacation days, holidays, and volunteer time off.
- Career Growth Opportunities: To support career growth of our team members, we offer tuition reimbursement, an annual mentorship program, leadership development resources, access to LinkedIn Learning, and more.
SALARY RANGEThe base salary ultimately offered is determined through a review of education, industry experience, training, knowledge, skills, abilities of the applicant in alignment with market data and other factors.
